Agree I'll be voting against the director fee rise as well.
Agree I'll be voting against the director fee rise as well.
I also voted against the director fee increase. Am tired of directors and management thinking they deserve returns greater than those they generate for shareholders.
Using shareholder money to pay outside consultants to come up with whatever ridiculous rationale they can think of to increase the fees just makes it worse. Comparing to Australia is not appropriate for Turners.
Management deserve market rates.... great performance deserves bonus remuneration.
Hi all
I can confirm that 2013 was absolutely a typo as most have assumed. Director Fees are not being backdated by 10+ years!
Apologies if there was any confusion caused as a result of this. The legal advice was that we didn't need to make an announcement as it was a manifest typographical error and the resolution was correct.
Certainly not ideal, but I think most people would realise it was supposed to be 2023 not 2013.
I have that feeling there’s going to be a bit of profit downgrade cum ASM time
But on the upside Tina is in the new series of Taskmaster (starting next week). Turners might get a few mentions........
There is always a lot of sensitivity around Directors Fees, hence the advice...but you are probably right, should have just made the correction. But if you can find me a lawyer that charges $250 per hour please let me know!
I think in this case everyone knew it was clearly a typo. If every listed business had to put an announcement out to correct every typo that was found there would be a lot more announcements out there.